Topic: 2013-06-17 Debating Bitcoin: Will the Cryptocurrency's Merits Be Its Undoing? (Read 628 times)
June 19, 2013, 07:53:46 AM
Oh cool, so Malka "won" the debate... the audience became more bullish... that's great!
June 19, 2013, 07:44:46 AM
Basically: they have no idea what they are speaking about 
June 19, 2013, 06:33:17 AM
http://www.businessweek.com/articles/2013-06-19/debating-bitcoin-will-the-cryptocurrencys-merits-be-its-undoing
When it comes to the merits of Bitcoin, even the tech community is still on the fence. Coming into a debate about the decentralized digital currency at Bloomberg’s Next Big Thing Summit on Tuesday, an audience poll found 60 percent of attendees predicted the virtual currency—priced at $105 during the session—wouldn’t be worth $500 in five years. By the time Ribbit Capital founder Micky Malka and Jim Rickards of Tangent Capital were done speaking 25 minutes later, however, about the same percentage felt that Bitcoin would exceed $500 in that time.
When it comes to the merits of Bitcoin, even the tech community is still on the fence. Coming into a debate about the decentralized digital currency at Bloomberg’s Next Big Thing Summit on Tuesday, an audience poll found 60 percent of attendees predicted the virtual currency—priced at $105 during the session—wouldn’t be worth $500 in five years. By the time Ribbit Capital founder Micky Malka and Jim Rickards of Tangent Capital were done speaking 25 minutes later, however, about the same percentage felt that Bitcoin would exceed $500 in that time.
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